Stablecoins hit a record $190bn market cap, a 46% rise this year, regaining ground lost from the collapse of TerraUSD in 2022.
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NEW: 🇨🇳 Shares of Chinese # Bitcoin miner SOS Ltd. surge 40%+ after announcing purchase of $50M worth of Bitcoin as a store of value 🔥The company will deploy trading strategies to maximize returns and hedge against market volatility.
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North Korean hackers' intensified crypto scams, targeting IT firms, pose a significant threat to the industry, necessitating enhanced cybersecurity measures 🇰🇵💻🤔
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🇨🇦 Vancouver’s mayor proposes a motion to safeguard the city's purchasing power—by embracing Bitcoin 🙌
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Hong Kong plans to exempt private equity funds, hedge funds and the investment vehicles of the super-rich from paying tax on gains from cryptocurrencies, private credit investments and other assets, as it seeks to become a top offshore finance hub.
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Report: Bull Market Far From Over, Bitcoin Expected to Rise to $146,000 in This Cycle💰
➡️ Read Here
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Yesterday, Grayscale 🔹 ETH saw a net inflow of $37.3 million, while Grayscale 💰 BTC saw a net inflow of $12 million
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Samson Mow explains how Bitcoin is massively undervalued and why Bitcoin will hit $1 MILLION soon.🚀
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🗞 November 27, 2024 cryptocurrency news highlights
【Cryptocurrency】
Matrixport: $89,000 to $90,000 is the key support, BTC is expected to once again retain the title of the best asset of the year
【Economy】
🇧🇷 Brazil's Chamber of Deputies has introduced a bill to create a 💰Strategic Sovereign Bitcoin Reserve (RESBit) to diversify financial assets and boost economic resilience
【Indicators】
Bitcoin dominance recently surged to a new 3.5-year high of 60.59% as Bitcoin was approaching it's all-time high 💪
【More】
OKG Research reports that just 0.01% of global listed companies currently hold Bitcoin, with an estimated $2.28tr in potential inflows over the next year.
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OKG Research reports that just 0.01% of global listed companies currently hold Bitcoin, with an estimated $2.28tr in potential inflows over the next year.
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USDe Supply Surpasses 4 Billion Tokens, Reaching an All-Time High🔼
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A lot of people are waking up realizing that they are short Bitcoin - especially with Trump as president, the government is more likely to buy Bitcoin than ban it 📈
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Japan's Web3 and crypto policy department has been reorganized, indicating continued government support for the industry's growth and development 🏛🇯🇵
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🇺🇸 The FOMC's consideration of a 5-basis point reduction in the RRP award rate aims to incentivize outflows from the RRP and bolster bank reserves, ensuring liquidity in the financial system 📈
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🗞 November 28, 2024 cryptocurrency news highlights
【Cryptocurrency】
Hong Kong plans to exempt private equity funds, hedge funds and the investment vehicles of the super-rich from paying tax on gains from cryptocurrencies, private credit investments and other assets, as it seeks to become a top offshore finance hub.
【Economy】
🇨🇦 Vancouver’s mayor proposes a motion to safeguard the city's purchasing power—by embracing Bitcoin 🙌
【Indicators】
Yesterday, Fidelity's FBTC saw a net inflow of $40.2 million, while BITB had a net inflow of $48.0 million.🕯
【More】
Report: Bull Market Far From Over, Bitcoin Expected to Rise to $146,000 in This Cycle💰
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Bitcoin Falls Below $95,000
Bitcoin has dropped below $95,000, now priced at $94,665, with a 24-hour gain narrowed to 1.35%.
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November stablecoin trading volume on centralized exchanges (CEX) surpassed $1.8tr, with Tether (USDT) accounting for 70%.
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Yesterday, Fidelity's FBTC saw a net inflow of $40.2 million, while BITB had a net inflow of $48.0 million.🕯
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🕯 Despite a potential 20-30% correction, 💰 BTC's long-term outlook remains bullish due to ETF inflows and institutional adoption
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Moody’s upgrades El Salvador’s sovereign debt rating to B3 with a stable outlook 👀
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Matrixport: $89,000 to $90,000 is the key support, BTC is expected to once again retain the title of the best asset of the year
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HISTORY: 🟠 November 11, 2024, was the biggest daily gain in Bitcoin history 🚀
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🇧🇷 Brazil's Chamber of Deputies has introduced a bill to create a 💰Strategic Sovereign Bitcoin Reserve (RESBit) to diversify financial assets and boost economic resilience
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Bitcoin dominance recently surged to a new 3.5-year high of 60.59% as Bitcoin was approaching it's all-time high 💪
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